Purslow doubts dip into transfer market

[Kloppster]

My feeling is that Rafa knew he would have a constrained budget but that our squad from last year was good enough given the lack of strengthening elsewhere to challenge. His actions in terms of the reserves/academy and contracts to top players indicate that he feels that we are a long term project and that he judged that now was the time that he had the power and opportunity to put the money into a project that may take several years to produce results. Something he might not get the chance to do elsewhere.

Unfortunately we have had a couple of bad results but I do think we have solid foundations on the footballing side at least. While I'm no fan of our owners they have boosted revenues and as long as they can keep us afloat their new policy of giving control to Rafa means that I think we will be okay long term. Obviously it would be nice if we could get more responsible owners who didn't require that money constantly be paid to the bank but that is a far from unique situation (see United for example).

that is simply too sensible a post !

[dww]

After his rather public spat with the owners when they arrived, I'd be very surprised if they hadn't told him to keep personal issues out of the public domain. They are his employers, after all.

But that already indicates that he wants to stay and is willing to work within the restrictions that he has put upon him by them. Previously he has always fought his corner one way or another and at times has look obviously annoyed with the situation. This season he hasn't looked at all like that to me.

[BFG]

But that already indicates that he wants to stay and is willing to work within the restrictions that he has put upon him by them. Previously he has always fought his corner one way or another and at times has look obviously annoyed with the situation. This season he hasn't looked at all like that to me.

Don't think he'd be too good at hiding the fact he was unhappy either.

[G]

Maybe the reason he hasn't left is that he see's this "informal adminstration" as a precursor to a sale,sooner rather than later, and therefore he wants to wait it out and see.

Its hardly likely if we were in informal adminstration that RBS would have much interest in running our business long term,they have their own to run,therefore a sale in the short term would be likely.

Purslow was a "short term" appointment,perhaps due to a sale in the short term.

[DannyMan2006]

Maybe the reason he hasn't left is that he see's this "informal adminstration" as a precursor to a sale,sooner rather than later, and therefore he wants to wait it out and see.

Its hardly likely if we were in informal adminstration that RBS would have much interest in running our business long term,they have their own to run,therefore a sale in the short term would be likely.

Purslow was a "short term" appointment,perhaps due to a sale in the short term.

I wish.

Having said that, whose to say we'd get someone better!

[dww]

That's how I read the rumour and your demolition of the theory does explain why he's still at LFC.

I would say that I have no idea about the 'informal administration' part - I mean what would that even mean given that G&H were already seemingly running the club with the intention of paying back the loans used to buy it? I just think that whatever the situation is that Rafa has been treated honestly and given freedom within a budget.

Does anyone know if 'informal administration' is even something that banks would consider or use often?

[tomasjj]

Adding to this, there was an interesting comment by Purslow when he commented on the Platini suggestion.

He made a remark, I cannot be bothered to find the quotes, that our debts were now a lot lower than 6 months ago.
I am not sure what has happened there.

[Venton]

I would say that I have no idea about the 'informal administration' part - I mean what would that even mean given that G&H were already seemingly running the club with the intention of paying back the loans used to buy it? I just think that whatever the situation is that Rafa has been treated honestly and given freedom within a budget.

Does anyone know if 'informal administration' is even something that banks would consider or use often?

It's extremely dubious. Why would they even need to when G&H can easily service the debts? Banks don't want to run football clubs. It sounds like a bit of wishful thinking to me.

[dww]

It's extremely dubious. Why would they even need to when G&H can easily service the debts? Banks don't want to run football clubs. It sounds like a bit of wishful thinking to me.

That's my instinct too. I just know bugger all about finance.

BTW I think me and Sibylle are heading to the famous three kings for the match today if you fancy joining.

[Venton]

That's my instinct too. I just know bugger all about finance.

BTW I think me and Sibylle are heading to the famous three kings for the match today if you fancy joining.

They could set conditions on the loans but these seem a bit daft - you either trust them to make good the payments or not really. There is not a scrap of evidence here either I'm afraid.

Unfortunately I am nursing a monumental hangover today and will probably only be leaving the house for an emergency crawl to the takeaway later on. Say hello to Sibylle for me

[Vermilion]

IF true then clearly Rafa would get on with because he has affection for the club and the fans.

Wish someone would convince those ****ers to sell ffs

Me too, but getting close enough to them for a chat while in possession of a firearm isn't easy.

[Assassin]

Lifted from www.sportinglife.com

wtf Tweedle dee and tweedle dumb have installed a right ****ing idiot as MD


Liverpool are adamant manager Rafa Benitez has not had his hands tied in the summer transfer window.

The Reds have made two big-name signings since June, with Glen Johnson and Alberto Aquilani arriving for a combined total of around £36million, while Greece international Sortis Kyrgiakos has been bought for a cut-price fee of £1.5m.

At the same time Xabi Alonso and Alvaro Arbeloa have left for in deals worth an overall £33.5m, and it has been suggested Liverpool could have spent more of that income.

But the club's managing director, Christian Purslow, who took up his role in June, insists Benitez has not been restricted in his transfer activity.

"We've spent pretty much the same as we've spent every year over the past four or five years," Purslow said in The Times.

"We've spent about £20 million more than we've generated, which is what we expected.

"We've bought players the manager wanted to buy and sold players the manager wanted to sell and it has cost us almost to the penny what we expected it to cost.

"In fact, some of our competitors haven't spent any money and we have. Spending isn't the panacea everyone thinks it is, but we've spent £20 million and that's real money.

"There are lots of costs associated with buying players and extending players that all go into transfer funds."

[Le Chef]

Lifted from www.sportinglife.com

wtf Tweedle dee and tweedle dumb have installed a right ****ing idiot as MD


Liverpool are adamant manager Rafa Benitez has not had his hands tied in the summer transfer window.

The Reds have made two big-name signings since June, with Glen Johnson and Alberto Aquilani arriving for a combined total of around £36million, while Greece international Sortis Kyrgiakos has been bought for a cut-price fee of £1.5m.

At the same time Xabi Alonso and Alvaro Arbeloa have left for in deals worth an overall £33.5m, and it has been suggested Liverpool could have spent more of that income.

But the club's managing director, Christian Purslow, who took up his role in June, insists Benitez has not been restricted in his transfer activity.

"We've spent pretty much the same as we've spent every year over the past four or five years," Purslow said in The Times.

"We've spent about £20 million more than we've generated, which is what we expected.

"We've bought players the manager wanted to buy and sold players the manager wanted to sell and it has cost us almost to the penny what we expected it to cost.

"In fact, some of our competitors haven't spent any money and we have. Spending isn't the panacea everyone thinks it is, but we've spent £20 million and that's real money.

"There are lots of costs associated with buying players and extending players that all go into transfer funds."

Thats why we haven't spent heavily - New contracts and increases for a quite a few top players

[DannyMan2006]

Rafa asked on LFCtv if we were going to any business. He was quite convincing when he said "I don't think so, I don't thinks so".

No more incomings for me.

[Fierce]

So, does anyone know anything about informal administration? I've never heard of it in business

I know that it applies upon the death of a person whose estate hasn't been allocated in a will, or when the shareholders are unable for whatever reason, to come to a decision regarding a company

But it isn't, as far as I'm aware, a relevant phrase in this context

In short, it sounds like bull**** to me

In order for the banks/creditors to be able to able to control the spending of the club, a formal agreement would have to be in place and one which is done so because the club is unable to sustain itself financially

Which is again, bollocks

What might be more likely is any overdraft/financing/managed loans in place are not made available for transfers, but that is an entirely different thing to somebody else deciding what happens to ALL the money